Truwin Company Limited (KOSDAQ:A105550) announced a private placement of round 12 bearer interest non-guaranteed private convertible bonds for gross proceeds of KRW 12,000,000,000 on December 9, 2020. The bonds carry a coupon rate and yield to maturity of 3% and will mature on December 10, 2023. The bonds are 100% convertible into 3,208,556 common shares at a conversion price of KRW 3,740 and the conversion period starts on December 10, 2021 and ends on November 10, 2023. The transaction will include participation from Espace Investek Co., Ltd. The transaction has been approved by the board of directors of the company. The subscription date is on the same date and the payment date is December 10, 2020. The bonds are subject to prohibition of conversion and spin-off/merge of issue for one year from the date of issue of bonds.